Washington, June 22 -
A hearing is scheduled this Thursday for Ron Paul’s House Subcommittee on Domestic Monetary Policy and Technology for his bill demanding an audit of gold in the United States.
The Gold Reserve Transparency Act of 2011 or H.R. 1495 is Ron Paul’s attempt to force the U.S. Department of the Treasury to prove there is actual gold bullion at Fort Knox.
H.R. 1495, the “Gold Reserve Transparency Act of 2011,” calls for an audit by the Treasury that gives a full and thorough accounting of the United States government’s gold reserves, requiring an inventory of the reserves. The Treasury’s audit is subject to independent review by the Government Accountability Office, allowing them access to any pertinent records or locations, including Fort Knox.
In the past few years, Ron Paul’s “audit the fed” bill (H.R. 1207, the “Federal Reserve Transparency act”) gained so much mainstream traction that many political bigwigs, including Timothy Geithner, tried to politicize the it as right versus left. Thankfully, most Americans saw through this and realized that the Federal Reserve Bank and their antics are actually working against the people.